Sequoia Financial Advisors LLC Takes $243,000 Position in Ally Financial Inc. (NYSE:ALLY)

Sequoia Financial Advisors LLC purchased a new position in shares of Ally Financial Inc. (NYSE:ALLY) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 6,971 shares of the financial services provider’s stock, valued at approximately $243,000.

Several other hedge funds also recently added to or reduced their stakes in the company. Bleakley Financial Group LLC bought a new position in Ally Financial in the 4th quarter valued at $201,000. Meeder Asset Management Inc. bought a new position in shares of Ally Financial in the fourth quarter worth about $3,320,000. Nisa Investment Advisors LLC increased its stake in Ally Financial by 828.1% in the 4th quarter. Nisa Investment Advisors LLC now owns 112,295 shares of the financial services provider’s stock worth $3,921,000 after buying an additional 100,195 shares during the period. Arlington Trust Co LLC bought a new stake in Ally Financial during the 4th quarter valued at about $161,000. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Ally Financial in the 4th quarter valued at about $1,680,000. 88.76% of the stock is currently owned by institutional investors.

Ally Financial Stock Up 1.0 %

Shares of ALLY stock opened at $39.08 on Friday. The stock’s fifty day moving average price is $37.71 and its 200 day moving average price is $32.92. Ally Financial Inc. has a 1-year low of $22.54 and a 1-year high of $41.56. The company has a market cap of $11.88 billion, a price-to-earnings ratio of 13.07, a price-to-earnings-growth ratio of 0.53 and a beta of 1.40. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.90 and a quick ratio of 0.90.

Ally Financial (NYSE:ALLY) last issued its quarterly earnings results on Thursday, April 18th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.12. The business had revenue of $1.99 billion for the quarter, compared to analyst estimates of $1.96 billion. Ally Financial had a return on equity of 9.41% and a net margin of 12.42%. The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.82 earnings per share. On average, research analysts expect that Ally Financial Inc. will post 2.94 earnings per share for the current fiscal year.

Ally Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 15th. Shareholders of record on Wednesday, May 1st will be issued a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, April 30th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.07%. Ally Financial’s dividend payout ratio is currently 40.13%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALLY. TheStreet raised shares of Ally Financial from a “c+” rating to a “b-” rating in a research note on Thursday, January 11th. Bank of America upgraded Ally Financial from a “neutral” rating to a “buy” rating and upped their target price for the stock from $42.00 to $46.00 in a report on Tuesday, April 9th. Deutsche Bank Aktiengesellschaft initiated coverage on Ally Financial in a research note on Wednesday, January 10th. They set a “buy” rating and a $47.00 price target on the stock. Evercore ISI increased their target price on shares of Ally Financial from $41.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, March 28th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Ally Financial in a research report on Thursday, February 1st. Four analysts have rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $38.47.

Ally Financial Profile

Ally Financial Inc, a digital financial-services company, provides various digital financial products and services in the United States, Canada, and Bermuda. The company operates through Automotive Finance Operations, Insurance Operations, Mortgage Finance Operations, and Corporate Finance Operations segments.